Latest in O'Malley: DOGE cuts could soon trigger Social Security system 'collapse'
Sort by
854 items
-
O'Malley: DOGE cuts could soon trigger Social Security system 'collapse'
Martin O’Malley, the former commissioner of the Social Security Administration (SSA), said Monday the recent cuts made by tech billionaire Elon Musk's Department of Government Efficiency (DOGE) at ...The Hill - 11h -
Social Security workers warn job cuts could hurt service for Americans
"We are already short-staffed as it is,"one Social Security Administration employee said of the agency's plans to slash its workforce.CBS News - 3d -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - Feb. 21 -
Social Security Administration to Cut Roughly 7,000 Workers
The agency is also restructuring and closing six of 10 regional offices that coordinate and provide support to employees who serve beneficiaries.The New York Times - 3d -
Election systems feared vulnerable as government cuts workers tasked with security
Cuts to the U.S. cybersecurity agency and FBI affected the federal workers tasked with stopping foreign interference in elections.CBS News - 6d -
Social Security chief's work with DOGE raises concerns, Warren says
Acting Social Security commissioner Lee Dudek is facing questions from Sen. Elizabeth Warren over his reported actions.CBS News - 15h -
President Trump should combine extending tax cuts with fixing Social Security
It would be good fiscal policy and probably good politicsMarketWatch - Feb. 23 -
Social Security Administration sets ‘massive’ reorganization, ‘significant’ job cuts
The Social Security Administration announced a “massive” reorganization and “significant” job cuts on Thursday that critics said could increase customer-service wait times and make it more ...MarketWatch - 3d -
Johnson rules out entitlement cuts but ‘waste and abuse’ in Social Security will be targeted
House Speaker Mike Johnson (R-La.) on Meet the Press says cuts to federal entitlements like Medicare, Medicaid and Social Security are off the table but “we need to target” any “waste and abuse” ...NBC News - 1d -
Social Security has never missed a payment. DOGE actions threaten 'interruption of benefits,' ex-agency head says
New changes at the U.S. Social Security Administration may put its ability to deliver monthly benefit checks at risk, former agency head says.CNBC - 2d -
Trump’s Plan to Kill Social Security Benefit Tax Could Accelerate Its Insolvency
Social security is already in danger. President Trump’s plan to get rid of income taxes on the benefit won’t save it. In fact, it’ll probably do the opposite.Inc. - Feb. 20 -
The Social Security Fairness Act could boost payments for more than 3.2 million Americans—see who qualifies
President Joe Biden signed the Social Security Fairness Act into law before he left office in January. Here's who may see a boost to their benefits and when.CNBC - 4d -
Social Security Administration could lay off up to 50% of its workforce, source says – live
Social Security Administration expected to lay off at least 7,000 people, but a source tells Associated Press reduction could be as high as 50%. As Donald Trump and tech billionaire Elon Musk ...The Guardian - 4d -
Social Security plans to axe thousands of workers nationwide. What could it mean for you?
“Significant” job cuts are coming for Social Security that will only make the program less efficient.MarketWatch - 3d -
Worried about Social Security staff cuts? Put money aside now, the agency’s former director says.
Martin O’Malley said DOGE’s involvement in Social Security will hurt beneficiaries. Brace for delays in service — and even benefits.MarketWatch - 3d -
Watch live: Democrats speak out against plans for Social Security Administration job cuts
Senate Democrats are sounding the alarm over expected “significant workforce reductions” at the Social Security Administration. Senate Democratic Leader Chuck Schumer (N.Y.), along with Sens. Patty ...The Hill - 11h -
As Social Security plans to cut about 7,000 workers, some experts worry that may affect benefits
The Social Security Administration has announced new efforts to bring down costs. Plans to cut staff have prompted concerns from some experts.CNBC - 10h -
Could Elon Musk benefit from DOGE cuts at consumer protection watchdog?
Earlier this month, President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau. Lesley Stahl has more on the agency and the Trump administration's attempts to ...CBS News - Feb. 21 -
DOGE cuts could hamper U.S. response to next pandemic
Around 700 people have been laid off from the Centers for Disease Control and Prevention in recent weeks due to cuts from the Trump administration. Some public health experts are expressing ...CBS News - 6d -
Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’
US president’s plan could prove to be an economic shock to both blocs, German thinktank says. Business live – latest updates Donald Trump’s threatened 25% tariffs on EU imports could trigger ...The Guardian - 4d -
DOGE Is Inside the National Institutes of Health’s Finance System
At least three people linked to Elon Musk’s DOGE task force have access to NIH systems that control budgets, procurement, and more, according to records and internal documents viewed by WIRED.Wired - Feb. 24 -
Sanders reintroducing measure increasing Social Security benefits
Sen. Bernie Sanders (I-Vt.) is reintroducing a measure that would increase Social Security benefits. Sanders is joined by Sen. Elizabeth Warren (D-Mass.) and Reps. Jan Schakowsky (D-Ill.) and Val ...The Hill - 4d -
Social Security notifies employees of 'significant workforce reductions'
The Social Security Administration (SSA) is notifying employees of “significant workforce reductions” on the way as it prepares for what it describes as an “agency-wide organizational ...The Hill - 3d -
Utah could soon ban fluoride in public drinking water
Utah could soon become the first state in the nation to ban fluoride in public drinking water. CBS News' Ian Lee reports.CBS News - 3d -
Africa’s medical system risks ‘collapse in next few years’, warns health leader
Focusing foreign aid on infectious diseases has allowed a rise in cancer and diabetes that African governments don’t have resources to fight, says Dr Githinji Gitahi. Health services in Africa are ...The Guardian - 5d -
Sen. Elizabeth Warren: DOGE's FDIC firings put banking system at risk
Sen. Elizabeth Warren said she is "pleased" the FDIC will evaluate whether the decision to layoff workers at the agency puts the banking system at risk.CNBC - Feb. 20 -
Federal judge extends decision blocking DOGE from Treasury payment system
A federal judge on Friday extended an earlier decision barring employees with the Department of Government Efficiency (DOGE) from accessing a sensitive federal payment system at the Treasury ...The Hill - Feb. 22 -
How many people over 100 receive Social Security benefits?
Here's how many Social Security retirement checks go out to people 99 and older. Hint: It's far fewer than Trump claims.The Hill - Feb. 21 -
Here's what upcoming budget negotiations may mean for Social Security
Benefit cuts are off the table for now in upcoming budget negotiations, experts say. But the agency may continue to struggle with customer service woes.CNBC - 6d -
This trend has important implications for Social Security’s full retirement age
New data show strong relationship between earnings and life expectancyMarketWatch - 6d -
Social Security boost for more than 3.2 million coming in April
Social Security Administration says it is immediately starting to pay retroactive benefits due to more than 3.2 million retirees.CBS News - 6d -
Social Security checks will be coming for these previously ineligible workers — as early as this week
The agency has been working on adjusting benefits after the repeal of WEP and GPO.MarketWatch - 5d -
Can your Social Security benefits be garnished by a debt collector?
If you receive Social Security and owe debt collectors money, your benefits could be at risk. Here's why.CBS News - 4d -
Social Security Administration offering voluntary buyouts ahead of expected layoffs
The Social Security Administration is offering payouts to employees who voluntarily resign from the federal agency, ahead of what they warn will be "significant workforce reductions."CBS News - 4d -
Can you collect Social Security if you owe back taxes?
If you're trying to collect Social Security benefits, it's important to know how your tax debt could impact that.CBS News - 3d -
Trump and Musk’s Social Security ‘chainsaw massacre’ makes no sense
Donald Trump’s decision to apply his chainsaw to the Social Security Administration will do nothing to shore up the program’s finances — or help balance the federal budget.MarketWatch - 2d -
Musk calls social security 'greatest Ponzi scheme of all time'
After Elon Musk's DOGE team sent out a second email to millions of workers over the weekend demanding a list of accomplishments or risk getting fired, Democrats warned that Musk may next turn to ...NBC News - 19h -
Do you need to file taxes if you're on Social Security?
Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.CBS News - 14h